- Funds to complete an optimized feasibility study report
TORONTO, ON / ACCESSWIRE / December 21, 2023 / Ascendant Resources Inc. (TSX:ASND) (“Ascendant” or the “Company”) is pleased to announce the close of the first tranche (“First Tranche”) of its non-brokered private placement (the “Offering”) announced December 7, 2023. The second and final tranche to complete the Offering is expected to close on or about January 5, 2024. The Offering is fully subscribed and the Company is completing final settlement for the balance of the Offering.
Under the First Tranche, the Company has issued 18,469,375 common shares of the Company (“Shares”) at a price of C$0.08 per Share for gross proceeds of C$1,477,550 in the First Tranche. The Company intends to use the proceeds from the Offering to complete an optimized feasibility study report focused on improved metallurgy and mine sequencing in Q2/2024, progressing project financing and for working…
